New York State Teachers Retirement System Sells 2,341 Shares of Sleep Number Co. (NASDAQ:SNBR)

Posted by Defense World Staff on Oct 25th, 2023

New York State Teachers Retirement System trimmed its holdings in shares of Sleep Number Co. (NASDAQ:SNBR – Free Report) by 6.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,222 shares of the company’s stock after selling 2,341 shares during the period. New York State Teachers Retirement System owned about 0.16% of Sleep Number worth $961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SNBR. Balyasny Asset Management L.P. bought a new position in Sleep Number during the 1st quarter worth about $11,730,000. Norges Bank bought a new position in Sleep Number during the 4th quarter worth about $5,195,000. Renaissance Technologies LLC bought a new position in Sleep Number during the 1st quarter worth about $5,872,000. Schonfeld Strategic Advisors LLC bought a new position in Sleep Number during the 1st quarter worth about $3,218,000. Finally, Van Lanschot Kempen Investment Management N.V. lifted its position in shares of Sleep Number by 7.3% during the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,333,765 shares of the company’s stock valued at $40,560,000 after buying an additional 91,023 shares during the last quarter. 93.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SNBR has been the subject of several analyst reports. Piper Sandler increased their price target on shares of Sleep Number from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, July 28th. StockNews.com initiated coverage on shares of Sleep Number in a research report on Thursday, October 5th. They set a “hold” rating for the company. UBS Group decreased their price target on shares of Sleep Number from $32.00 to $23.00 and set a “neutral” rating for the company in a research report on Friday, October 6th. Finally, Wedbush decreased their price target on shares of Sleep Number from $28.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, October 19th.

Check Out Our Latest Research Report on SNBR

Sleep Number Stock Down 2.2 %

Shares of Sleep Number stock opened at $20.83 on Wednesday. The firm has a market capitalization of $462.63 million, a P/E ratio of 40.06 and a beta of 1.93. The company has a 50 day moving average price of $23.26 and a 200 day moving average price of $24.68. Sleep Number Co. has a 52 week low of $17.31 and a 52 week high of $41.61.

Sleep Number (NASDAQ:SNBR – Get Free Report) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. The firm had revenue of $458.80 million during the quarter, compared to analyst estimates of $471.39 million. Sleep Number had a net margin of 0.58% and a negative return on equity of 2.75%. Sleep Number’s revenue was down 16.4% on a year-over-year basis. During the same period last year, the firm posted $1.54 EPS. As a group, research analysts anticipate that Sleep Number Co. will post 1.35 earnings per share for the current fiscal year.

Sleep Number Company Profile

(Free Report)

Sleep Number Corporation, together with its subsidiaries, offers sleep solutions and services in the United States. The company designs, manufactures, markets, retails, and services beds, pillows, sheets, and other bedding products under the Sleep Number name. It also provides adjustable bases under the FlextFit, and smart beds under the Climate 360 brands.